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motives making it impossible for compromise to occur or produce an environment where people of different parties can talk to each other so we talk more and get common ground at the end of the day. time will tell. i am hopeful. >> if there's no deal by end of july, early august, will you vote to raise the debt ceiling? that's when it has to be raised. >> i think it will come down to all of that. i am not getting into what we will or will not do. i believe we can make sure default is not going to happen. i am not worried about us defaulting. i think we can get the authority from the president to prevent default from happening. but i have to tell you, wolf, we can't keep running up deficits like this. it will damage the economy deeply. people say we don't have a crisis on the horizon, of course we do. we have a debt on a tear. if the debt takes off like it is projected to do so, it is not only hurting our economy today, it is destroying it for the next generation. we can't sit around and be complicit with that. the problem is we have to do something about that. >> one final question. senato
the best environment we're going to have under this president's term is going to be between now and august 1st. we're going to move through the sequester process on the senate floor either tonight or tomorrow. we'll pass the bill that funds government at the lower sequester level. i think that's a major victory. we'll have the budgets next week, then we'll have a period of time of about four months before the debt ceiling is hit. i think that's the most fertile time for us. i think what republicans want to see, wolf, they want to see a 75-year actuary soundness. we want to make sure the programs are going to be there for the future. the president knows we want to make sure these programs are there, and what the presidents wants, obviously, is some additional revenue. i believe there's a possibility if we could get the 75-year soundness on medicare and social security with appropriate changes and reforms, i think there may be a way through full tax reform to do something that will generate revenue and fit the needs of both sides, and that's what i'm hopeful is going to happen over the next
for compromise to occur, or will he produce an environment where people of different parties can talk to each other so that we talk more and then end up finding common ground and getting an agreement at the end of the day. time will tell i'm hopeful but trust would verify. >> if there is no deal by the end of july early august will you vote to raise the nation's debt ceiling? that's when it has to be raised. >> i'm not going to get into what we will or will not do. i do believe that we can make sure the default is not going to happen. i'm not really worried about us defeating. i think we can give the authority to the president to prevent default. i have to tell you, wolf. we can't keep running up deficits like this. it will damage our economy deeply and people are saying that we don't have a crisis on the horizon. of course we do. we've got a debt that is on a tear right now. if the debt takes off like it's projected to do, it's not only hurting our economy today but destroying it for the next generation. we just can't sit around and be complicit with that. that means we have to do something
Search Results 0 to 2 of about 3